The ONA initiated the "Fellow of the Ontario Numismatic Association" award in 1994. The "Fellow of the ONA" is an award to recognize individuals for outstanding service to numismatics in their local area. This includes their work with the local coin club and promoting numismatics in their community. Work in the local club can include executive and committee responsibilities, participating in club projects and shows and involvement in club meetings. Promotion of numismatics in the community can include involvement with museum and mall displays, articles in the area paper and television and radio interviews, speaking about numismatics at service clubs and other non-numismatic groups.

The "Fellow of the ONA" award recipients also takes the form of a specially engraved medal, a framed certificate, a specially engraved pin-back metallic nameplate. However, unlike the ONA Award of Merit, which can only be presented to one person annually, up to three deserving individuals can be honored as a "Fellow" at each ONA Convention banquet.

Previous recipients of the Fellow of the ONA Award are: